Broker Erik Pica Subject Of Four Disclosures Totaling Over $900K

Erik Patrick Pica (CRD #4829533) is a currently registered broker employed with Joseph Stone Capital L.L.C. (CRD #159744) of New York, NY. His previous employers include Global Arena Capital Corp (CRD #16871, expelled by FINRA on 4/1/2016), First Midwest Securities, Inc. (CRD #21786), Chicago Investment Group, LLC (CRD #11853, expelled by FINRA on 9/14/2010) and Eastbrook Capital Group LLC (CRD #39781, expelled by FINRA on 9/23/2009), all of New York City. He has been in the industry since 2004.

Pica is the subject of seven disclosures, all customer disputes. The first one was filed on 5/10/2018, alleging “unauthorized trade of 6000 shares Rite Aid Corp unauthorized trade of 550 shares Valeant Pharmaceutical.”  The client requests damages of $7,613.65. This case is currently pending.

The next customer dispute was filed on 5/4/2018, with allegations of negligence, over-concentration and suitability.” This client requests damages of $293,000. This case is also currently “pending.”

A customer dispute filed on 3/21/2018 alleges “unsuitable securities, highly speculative, commissions, retirement funds, churning, negligent supervision.”  Requested damages total $500,000, and the case is “pending.”

Another pending customer dispute filed on 7/3/2017 alleges that Pica failed to treat the customer “in a just and equitable manner.”  Additionally, the customer alleges “breach of fiduciary duty; breach of contract; negligence and negligent misrepresentation,” and requests damages of $120,000.

Pica has four earlier customer disclosures. Two were denied, and one was settled.

Silver Law Group represents investors in securities and investment fraud cases against investment firms such as Joseph Stone Capital. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.